Balance of trade

The commercial balance or net exports (sometimes symbolized as NX), is the difference between the monetary value of exports and imports of output in an economy over a certain period, measured in the currency of that economy. It is the relationship between a nation's imports and exports. A positive balance is known as a trade surplus if it consists of exporting more than is imported; a negative balance is referred to as a trade deficit or, informally, a trade gap. The balance of trade is sometimes divided into a goods and a services balance.

Understanding Balance of Trade

Trade, in general connotation, means the purchase and sales of commodities. In International Trade, purchase and sale are replaced by imports and exports. Balance of Trade is simply the difference between the value of exports and value of imports. Thus, the Balance of Trade denotes the differences of imports and exports of a merchandise of a country during the course of year. It indicates the value of exports and imports of the country in question. If the value of its exports over a period exceeds its value of imports, it is called favourable balance of trade and, conversely, if the value of total imports exceeds the total value of exports over a period, it is unfavourable balance of trade. The favorable balance of trade indicates good economic condition of the country.

Balance of trade

The commercial balance or net exports (sometimes symbolized as NX), is the difference between the monetary value of exports and imports of output in an economy over a certain period, measured in the currency of that economy. It is the relationship between a nation's imports and exports. A positive balance is known as a trade surplus if it consists of exporting more than is imported; a negative balance is referred to as a trade deficit or, informally, a trade gap. The balance of trade is sometimes divided into a goods and a services balance.

Understanding Balance of Trade

Trade, in general connotation, means the purchase and sales of commodities. In International Trade, purchase and sale are replaced by imports and exports. Balance of Trade is simply the difference between the value of exports and value of imports. Thus, the Balance of Trade denotes the differences of imports and exports of a merchandise of a country during the course of year. It indicates the value of exports and imports of the country in question. If the value of its exports over a period exceeds its value of imports, it is called favourable balance of trade and, conversely, if the value of total imports exceeds the total value of exports over a period, it is unfavourable balance of trade. The favorable balance of trade indicates good economic condition of the country.

The country’s foreign exchange reserves rose by $1.68 billion to $420.8 billion in the week to March 9, according to Reserve BankofIndia data. The reserves had touched a life-time high of $421.9 billion on Feb ... In the week ahead, domestic investors will turn their attention to retail inflation, balanceoftrade data, which is seen as next key drivers for the currency markets....

The country’s foreign exchange reserves surged by $1.8 billion to mount a new record high of $411.1 billion in the week to Jan. 5, according to data released by the Reserve BankofIndia. On the global front, the dollar was broadly weaker against its major traded rivals ... Investors will be turning their attention to domestic inflation and balanceoftrade data this week....

Detailsof the trade deficit with China during the last three years and the current year upto April 2017 are given below.- ... It aims at providing easy access to India's export/import and balanceoftrade data in visual analytic format to all the stakeholders including public. It provides an overview of India's trade dynamics for last five years....

Indonesia's balanceoftrade records an increasing surplus in June 2017. Tradebalance surplus in June 2017 is recorded at 1.63 billion US dollar, slightly higher than that in May 2017 of 0.58 billion US dollar ... Cumulatively, from January to June 2017, tradebalance surplus is recorded 7.63 billion US dollar, higher than the same period in the previous year of 4.13 billion US dollar....

LNG to China a BalanceofTrade...President Trump campaigned on a promise of 'fair trade' with China and creating U.S ... position that LNG exports are a path to the U.S.-China tradebalance ... Trade surplus nations have enjoyed a favored status, a legacy of the Cold War that is coming to an end. Balancingtrade, managed or not, is the new political reality ... Original documenthttp.//www.genscape.com/blog/us-lng-china-balance-trade....

The ChamberofCommerce, Agriculture and Industry in North Lebanon signed a cooperation agreement with RUARIA LLC, a Russiantrade company in the framework of the Lebanese business delegation's visit to Russia. The new agreement aims to strengthen mutual investments covering various promising sectors in Russia and Lebanon in addition to holding negotiations about all matters that are needed to implement this agreement ... ....

• €4.816 billion of automobile trade surplus. In 2016, the PSA Group was the first automobile manufacturer and the second contributor, over all business segments, in terms of contribution to the tradebalanceofFrance, by generating a surplus of €4.816 billion* ... 'In the nameof all employees of the PSA Group, I am proud that we are again the automobile manufacturer that contributes the most to the tradebalanceof France....

The Scotch Whisky Association (SWA) today (25 January) calls for a 2% spirits excise duty cut to boost an industry that creates £5 billion annually for the economy, supports more than 40,000 jobs and is the largest net contributor to the UK'sbalanceoftrade in goods, according to new research ...Original documenthttp.//www.scotch-whisky.org.uk/news-publications/news/new-figures-show-scotch-is-biggest-boost-for-uk-balance-of-trade/....

Tourism is again the one bright spot in two days of gloomy economic data, with balanceoftrade figures revealing seasonally adjusted earnings from tourism were $3.95 billion in October, AustralianChamber - Tourism said ... 'Once again tourism-related services made a positive contribution to the tradebalance ... Original documenthttps.//www.acci.asn.au/news/tourism-bright-spot-amid-balance-trade-gloom....

[Monitor] Kampala -Uganda Export Promotions Board (UEPB) has said despite an increase in the volume of exports for the last five years, Uganda's balanceoftrade gap is continuing to widen because of imported raw materials ... ....